Markets “Gapped Up” this morning on great Google Earnings, but the Small Caps and BioTechs later had some heavy Selling.
The S&P 500 is near the Pink Line of 2802. Closing below the Pink Line could create a Short Term Sell Signal.
Most recent Money Wave Buys are NOT POPPING well, indicating a Tired Market.
Please be patient and WAIT for the Leaders to return back down to their Green Zones, for more Money Wave Buy Signals.
Crude Oil was up today at $68.50.
The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
I INTELSAT GLOBAL Money Wave must Close in the Green Zone.
LULU LULULEMON ATHLETICA
SRPT SEREPTA THERA.
UAA UNDER ARMOUR
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
EXIT CRC CALIFORNIA RESOURCES if it is going to Close Below your Buy Price, or $39.51.
LOWER the Sell Stop Loss on FOXA 21st CENTURY FOX to the Red Line ($44.42) on the Close, as FOXA is back down in the Green Zone.
EXIT WTW WEIGHT WATCHERS if it is going to Close Below your Buy Price, or $92.07.
EXIT ASNA ASCENA RETAIL if it is going to Close Below the Pink Line around $3.51. This trade was not logged.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.